Pension Calculator
Estimate your annual pension benefit using years of service, final salary, and a plan multiplier.
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Enter Your Details
Your Estimated Benefit
$0.00 / year
$0.00 per month
Estimated Annual Pension: $0.00
Understanding Defined Benefit Pensions
How Benefits Are Calculated
Most defined benefit (DB) pensions use a formula based on your final average salary, years of service, and a plan multiplier. This tool estimates: Final Salary × Multiplier × Years of Service.
Considerations
- Early retirement reductions may apply before a certain age/service.
- Some plans cap years of service or salary used.
- COLA adjustments can increase payments over time.
Key Formula
Annual Pension:
Annual = Final Average Salary × (Multiplier / 100) × Years of Service
Monthly Pension:
Monthly = Annual / 12